TradeStalker's RBI Update 05/29/08

.................................................


TradeStalker's

R.B.I. Trader's Update

5/29/2008

(Published Since 1996)

...............................................


Dateline: 6:48 pm eastern time, 5/29/2008


Trading updates are posted through out the day to "real
time" subscribers on our Instant Messenger Site. Go here to
sign up now! http://www.tradestalker.com/order-page.htm

The early game-plan was the same as Wednesday, to short an
early pop that stalled/reversed, and then look to flip and
get long on the first decent pullback. After a lower open,
the market rallied for 20 minutes and stalled at our 1393.50
initial resistance. They pulled back 5 points to 1388.50 and
turned up. A quick up and back down move occurred, with the
ES making a double bottom at that 1388.50 level, and the
market shot higher. The 1398.75-1399.50 area was a key
resistance and the market paused there, but then it pushed
through that zone and rallied to 1407.00 on the SP futures.
The move was quickly reversed, and after breaking the 1402
level the market slid lower with the SP futures reaching
1397.00 before the close.

The SP futures reached the 50% retracement from the 1441
high to 1273 low and was hit with selling on Thursday.
Sentiment has come back to neutral, as have most of the
internal gauges. Friday is the last day of the month, and
that's about all that's keeping me from an all-out bearish
bias short term. It's possible that the market makes one
more run on the upside and reaches the 1414.50-1415.50 zone
by next Monday or Tuesday. However, given the action off
that 1407 level, don't hold your breath.

In any case, look for opportunities on both sides on Friday.
A rally back to the Thursday highs that reverses could set
up a decent shorting opportunity. On the other side of the
coin, if there is early weakness that then stalls/reverses,
it should set up a buying opportunity.

The initial resistance is at the 1400.50 level on the SP
futures and the 2029.00 level on the Nasdaq futures. If
those are broken and not quickly reversed, then the key
hurdles would be at the 1406.50-1407.00 area on the SP
futures and the 2033.00-2034.00 area on the Nasdaq futures.
If the market doesn't reverse from a test of those areas,
then we could see the 1414.50-1415.50 area on the SP futures
and the 2044.00-2046.00 area on the Nasdaq futures.

The initial support is at the 1394.00-1393.50 area on the SP
futures and the 2020.25-2019.75 area on the Nasdaq futures.
If those are reached, the market will bounce right away if
the market is strong. However, if those areas are broken,
then the 1388.50-1388.00 area on the SP futures and the
2012.50-2011.00 area on the Nasdaq futures will be key
support. If the market cannot hold those areas, especially
on a close, then a topping pattern is in place. The next
good support is at the 1381.00-1380.00 area on the SP
futures and the 2004.00-2002.50 area on the Nasdaq futures,
and if the market falls apart from up here, then the 1377.75
level on the SP futures and the 1996.00 level on the Nasdaq
futures will need to hold or else the SP futures could go
for that 1373.00-1372.50 zone again.



June 2008 SP futures resistance
symbols: emini = esm8 / big contract =spm8

1400.50
1406.50-1407.00
1414.50-1415.50


June 2008 SP futures support
symbols: emini = esm8 / big contract =spm8

1394.00-1393.50
1388.50-1388.00
1381.00-1380.00
1377.75
1373.00-1372.50


June 2008 Nasdaq futures resistance
symbols: emini = nqm8 / big contract = ndm8

2029.00
2033.00-2034.00
2044.00-2046.00


June 2008 Nasdaq futures support
symbols: emini = nqm8 / big contract = ndm8

2020.25-2019.75
2012.50-2011.00
2004.00-2002.50
1996.00


June 2008 Dow futures resistance
symbols: emini = ymm8

12661
12722-12726
12792-12798


June 2008 Dow futures support
symbols: emini = ymm8

12602-12598
12554-12549
12495-12490
12459


June 2008 Russell futures resistance
symbols: emini = er2m8 / big contract = er2m8

746.30
751.00-751.50
757.50-758.30


June 2008 Russell futures support
symbols: emini = er2m8 / big contract = er2m8

742.50-742.10
737.20-736.80
730.50-730.10
728.50


---------------------------

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


---------------------------


Good Trading,
Mike Reed

Copyright (c) 2008 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

TradeStalker's RBI Update 05/28/08

.................................................


TradeStalker's

R.B.I. Trader's Update

5/28/2008

(Published Since 1996)

...............................................


Dateline: 7:03 pm eastern time, 5/28/2008


Trading updates are posted through out the day to "real
time" subscribers on our Instant Messenger Site. Go here to
sign up now! http://www.tradestalker.com/order-page.htm

The early game-plan was to short an early pop that
stalled/reversed, and then look to flip and get long on the
first decent pullback. It set up perfectly as the SP futures
reached 1390.00, right in the middle of the 1389.75-1390.25
resistance zone, and then sold off 1380.25. That short had a
9.75 point drop to the pivotal 1381.00-1380.25 zone before
reversing. Things were a bit tricky after that move, as the
market did a lot of pop and drop moves. The market put
together feeble looking bounce that reversed from 1386.25 on
the SP futures, and then sold off to new lows as the SP
futures reached 1377.75 and quickly turned back up. About 6
minutes before it occurred, I warned of a reversal from the
1386-1387 zone and the SP futures reached 1386.25 and turned
down. The market pulled back and broke the updated 1381.50-
1381.00 support, but the market turned right back up. The
reversal started a bounce back to the 1386.00 level on the
SP futures and they turned back down, but after a 2.75 point
pullback they turned back up and rallied back to the
1389.75-1390.25 zone. Off of a 1390.50 high, the SP futures
pulled back 4 points and then bounced back to the 1393.25
resistance before pulling back in the last minute of futures
trading.

On Thursday look for similar action to Wednesday. If there
is early strength, it should offer a good shorting
opportunity in the early going. If that plays out, the first
decent pullback that stalls/reverses, especially if it's at
a support zone, should set up a trade on the long side. If
that all works out in the first hour of trading, then the
reminder of the day could be more choppy upside, with a
chance of seeing the 1398.75-1399.50 area on the SP futures
and the 2014.50-2015.50 area on the Nasdaq futures. If the
market gets up there, and the rally stalls out and reverses,
it could begin a sizable drop. However, if both of those
zones are exceeded, and the market doesn't quickly reverse,
then we could see the SP futures rally for another day or
two, possibly getting to the 1414.50-1415.50 area on the SP
futures on this leg up. On the other side of the coin,
should the
market sell off to the Wednesday afternoon low areas and
those areas aren't defended, then a move back to test/ break
the 1373.00-1372.50 area on the SP futures could be in the
cards.

The initial resistance is at the 1393.00-1393.50 area on the
SP futures and 2006.50-2007.25 area on the Nasdaq futures.
If those Wednesday high areas are not quickly reversed, and
the market heads higher, then we could see the 1398.75-
1399.50 area on the SP futures and 2014.50-2015.50 area on
the Nasdaq futures. If those are reached, and the move
stalls/reverses, then we could have a pretty quick, sharp
drop. However, if the market gets up there and doesn't have
any reaction to the downside, then the there could be a push
towards the 1402.50-1403.00 area on the SP futures and
2022.25-2023.75 area on the Nasdaq futures.


The initial support is at the 1386.50-1386.00 area on the SP
futures and 1996.00-1995.25 area on the Nasdaq futures. If
the market can hold those areas on a pullback, then the
upside momentum will stay intact. However, if those are
broken, then the market will be back in the same ranges that
it spent a good deal of time trading in on Wednesday. A drop
to the 1382.75 level on the SP futures and 1990.50 level on
the Nasdaq futures would need to hold, or be quickly
reversed, to avoid a trip down to the 1377.75-1377.00 area
on the SP futures and 1983.25-1981.50 area on the Nasdaq
futures. If those areas do not hold, or quickly reversed,
then there should be pressure on the market and the 1373.00-
1372.50 area on the SP futures would need to hold to avoid
trouble.



June 2008 SP futures resistance
symbols: emini = esm8 / big contract =spm8

1393.00-1393.50
1398.75-1399.50
1402.50-1403.00

June 2008 SP futures support
symbols: emini = esm8 / big contract =spm8

1386.50-1386.00
1382.75
1377.75-1377.00

June 2008 Nasdaq futures resistance
symbols: emini = nqm8 / big contract = ndm8

2006.50-2007.25
2014.50-2015.50
2022.25-2023.75

June 2008 Nasdaq futures support
symbols: emini = nqm8 / big contract = ndm8

1996.00-1995.25
1990.50
1983.25-1981.50

June 2008 Dow futures resistance
symbols: emini = ymm8

12602-12606
12667-12673
12701-12705

June 2008 Dow futures support
symbols: emini = ymm8

12563-12559
12526
12496-12492

June 2008 Russell futures resistance
symbols: emini = er2m8 / big contract = er2m8

739.00-739.40
743.80-744.20
746.20-746.70

June 2008 Russell futures support
symbols: emini = er2m8 / big contract = er2m8

735.50-735.00
732.60
730.40-729.80


---------------------------

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


---------------------------


Good Trading,
Mike Reed

Copyright (c) 2008 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

TradeStalker's RBI Update 05/27/08

.................................................


TradeStalker's

R.B.I. Trader's Update

5/27/2008

(Published Since 1996)

...............................................


Dateline: 7:09 pm eastern time, 5/27/2008


Trading updates are posted through out the day to "real
time" subscribers on our Instant Messenger Site. Go here to
sign up now! http://www.tradestalker.com/order-page.htm

After a flat open on Tuesday, the SP futures popped up to
the 1381.50 initial resistance and then reversed and dropped
4.50 points to 1377.00. That move was quickly reversed and
the market rallied to higher highs. After the SP futures
reached a 1384.25 high, the market pulled back a bit and
then popped into the 1382-1383 updated resistance and
reversed. Per the intraday update, the lower high reversed
and the market sold off until noon eastern time. The SP
futures reached 1372.75, which was just over the key support
zone and turned back up. The SP futures got over the
1377.00-1377.50 zone and it held, but the SP futures had
some trouble at the 1381.00 level. Quick pullbacks of 2.75
points and 2.50 points came off that 1381.00 level, but once
it was broken, the 1385.00-1385.50 zone was reached.
However, the 1384.00 level held and the SP futures popped to
1387.75, which was just under the updated 1388.00-1389.00
target/resistance zone. The market backed off and the SP
futures reached 1383.75, but they instantly reversed and the
market moved sideways into the close.

The market was very oversold and the rally started around
noon from the key support area on the SP futures. If this
move isn't a fake-out, then it could last another day or so
and could go the 1398.75-1399.50 area on the SP futures for
the first good test of the market's strength. If that
cluster of resistance doesn't turn the market back down,
then the move could go as far as the 1414.50-1415.50 zone if
it really gets going on the upside. First though, the market
needs to avoid another reversal from up here.

On Wednesday, look for any early strength to set up a
shorting opportunity as soon as the move stalls/reverses
back down. If the market obliges and the market heads lower,
then the beware that the first decent pullback should set up
a buying opportunity, especially if a pullback reaches and
reverses from the 1381.00-1380.25 area on the SP futures and
the 1985.75-1984.75 area on the Nasdaq futures. As long as
those zones are held, the buyers will be in charge. If they
don't hold, then the market could head down to the 1376.00
level on the SP futures, which is as far as a pullback
should go if the market is going to avoid trouble and a
potential test of, or a break of, through the key 1373.00-
1372.50 area on the SP futures.

The initial resistance is at the 1387.75 level on the SP
futures and the 1997.00 level on the Nasdaq futures. If
those levels are broken and the market doesn't quickly
reverse, then the next big hurdles would be at the 1389.75-
1390.25 area on the SP futures and the 1999.75-2001.50 area
on the Nasdaq futures. If those are not a problem and those
areas are cut through, then the 1393.25 level on the SP
futures and the 2005.25 level on the Nasdaq futures would be
next. The next key resistance would be at the 1398.75-
1399.50 area on the SP futures and the 2014.50-2015.50 area
on the Nasdaq futures.

The initial support is at the 1383.75 level on the SP
futures and the 1992.25 level on the Nasdaq futures. If
those are broken, then it looks like the 1381.00-1380.25
area on the SP futures and the 1985.75-1984.75 area on the
Nasdaq futures could be pivotal. If those areas don't hold,
then there is some support around the 1378.50-1378.00 area
on the SP futures and the 1980.25-1979.50 area on the Nasdaq
futures. If broken, then there is some minor support at the
1375.50 and 1971.25 levels, and then the major support at
the 1373.00-1372.50 area on the SP futures and the 1965.75-
1964.75 area on the Nasdaq futures. If those are not able to
hold, then a reversal would need to occur very fast,
otherwise the downside will likely accelerate.



June 2008 SP futures resistance
symbols: emini = esm8 / big contract =spm8

1387.75
1389.75-1390.25
1393.25
1398.75-1399.50


June 2008 SP futures support
symbols: emini = esm8 / big contract =spm8

1383.75
1381.00-1380.25
1378.50-1378.00
1375.50
1373.00-1372.50


June 2008 Nasdaq futures resistance
symbols: emini = nqm8 / big contract = ndm8

1997.00
1999.75-2001.50
2005.25
2014.50-2015.50


June 2008 Nasdaq futures support
symbols: emini = nqm8 / big contract = ndm8

1992.25
1985.75-1984.75
1980.25-1979.50
1971.25
1965.75-1964.75


June 2008 Dow futures resistance
symbols: emini = ymm8

12572
12592-12594
12618
12667-12673


June 2008 Dow futures support
symbols: emini = ymm8

12536
12524-12516
12502-12497
12468
12446-12440


June 2008 Russell futures resistance
symbols: emini = er2m8 / big contract = er2m8

724.70
736.30-736.60
738.80
743.80-744.20


June 2008 Russell futures support
symbols: emini = er2m8 / big contract = er2m8

732.00
730.20-729.80
728.50-728.20
726.80
724.30-723.80


---------------------------

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


---------------------------


Good Trading,
Mike Reed

Copyright (c) 2008 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

TradeStalker's RBI Update 05/26/08

.................................................

TradeStalker's

R.B.I. Trader's Update

5/26/2008

(Published Since 1996)

...............................................


Dateline: 3:14 pm eastern time, 5/26/2008


Trading updates are posted through out the day to "real
time" subscribers on our Instant Messenger Site. Go here to
sign up now! http://www.tradestalker.com/order-page.htm

The market started last week with a rally, but after
reaching 1441.00 on the SP futures the upside lost gas and
the market was in a downtrend almost all week. By Friday
afternoon the SP futures reached 1373.25, which was just
over the big support around the 1372.00-1370.50 area, and
the market bounced into the last hour of trading. Like the
other bounces throughout the week, the move failed after
reaching 1381.00 on the SP futures, and they dropped 5.50
points to 1375.50. The market bounced back to 1381.50 but
with 30 minutes left in trading, the selling came back and
everything but the Nasdaq futures fell to a lower low at the
close.

The market is on the ropes, and if there isn't a good rally
coming early this week then it's big trouble for the market.
The internal gauges are now getting grossly oversold, and at
spots where the market would normally turn around unless the
market is super weak, or in a panic "get me out" mode. My
RBI Buy gate is open, most all short term breadth and volume
ratios are oversold, and for the first time in a long time
the VIX moved 10% above its 10 day average close on Friday.

What's needed to turn things around is a reversal, and
without that, the bears are still in control. A move over
the initial resistance, that's not immediately reversed, is
needed to get the market into a spot where we could get a
decent countertrend bounce. One other possibility is for the
market to open weak, and then turn up and rally with some
gusto. If that occurs on a slight break of the 1372.00-
1370.50 zone, and then the market reverses back up through
that area and holds, we could get a decent rally underway.

On Tuesday, if there is early selling, beware of a reversal
in the early going. Thereafter, the bounces will be suspect
unless there is a break and hold over the initial resistance
areas. If the market can't get going on the upside soon,
despite the grossly oversold status of the market and
sentiment swinging from overly bullish to overly bearish,
then
the door will remain open for a move towards the 1350.25-
1348.50 area on the SP futures.

The initial resistance is at the 1381.00-1381.50 area on the
SP futures and the 1967.00-1968.00 area on the Nasdaq
futures. If those are exceeded, then look for minor
resistance at the 1385.00-1385.50 area on the SP futures and
the 1972.50-1973.50 area on the Nasdaq futures. There should
be very strong resistance at the 1390.50-1391.00 area on the
SP futures and the 1980.25-1981.25 area on the Nasdaq
futures if there is a decent rally that fizzles out. If the
market gets up there and it doesn't reverse, then the next
big hurdles are at the 1399.00-1399.50 area on the SP
futures and the 1991.25-1992.25 area on the Nasdaq futures.

The initial support is at the 1372.00-1370.50 area on the SP
futures and the 1956.75-1956.00 area on the Nasdaq futures.
If those are slightly broken, but can hold and turn up from
the 1368.00-1367.50 area on the SP futures and the 1947.00-
1946.00 area on the Nasdaq futures, then we could see a
decent rally begin. However, a break of those areas, or a
bounce that cannot get back through the 1372.00 level on the
SP futures, then the downside pressure is back on. There
would be some support near the 1362.00 level on the SP
futures and the 1936.00 level on the Nasdaq futures. If the
market falls much further than that, and can't get turned
around, then we could head towards the 1350.25-1348.50 area
on the SP futures and the 1925.50-1924.00 area on the Nasdaq
futures on this leg down.



June 2008 SP futures resistance
symbols: emini = esm8 / big contract =spm8

1381.00-1381.50
1385.00-1385.50
1390.50-1391.00
1399.00-1399.50


June 2008 SP futures support
symbols: emini = esm8 / big contract =spm8

1372.00-1370.50
1368.00-1367.50
1362.00
1350.25-1348.50


June 2008 Nasdaq futures resistance
symbols: emini = nqm8 / big contract = ndm8

1967.00-1968.00
1972.50-1973.50
1980.25-1981.25
1991.25-1992.25


June 2008 Nasdaq futures support
symbols: emini = nqm8 / big contract = ndm8

1956.75-1956.00
1947.00-1946.00
1936.00
1925.50-1924.00


June 2008 Dow futures resistance
symbols: emini = ymm8

12515-12519
12549-12553
12612-12615
12667-12673


June 2008 Dow futures support
symbols: emini = ymm8

12463-12457
12425-12419
12381
12288-12281


June 2008 Russell futures resistance
symbols: emini = er2m8 / big contract = er2m8

726.20-726.60
728.80-729.10
733.20-733.80
735.90-736.50


June 2008 Russell futures support
symbols: emini = er2m8 / big contract = er2m8

722.20-722.00
718.20-717.70
711.50
704.20-703.80


---------------------------

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


---------------------------


Good Trading,
Mike Reed

Copyright (c) 2008 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

TradeStalker's RBI Update 05/22/08

.................................................

TradeStalker's

R.B.I. Trader's Update

5/22/2008

(Published Since 1996)

...............................................


Dateline: 6:26 pm eastern time, 5/22/2008


Trading updates are posted through out the day to "real
time" subscribers on our Instant Messenger Site. Go here to
sign up now! http://www.tradestalker.com/order-page.htm

We were looking for early weakness to set up a trade on the
long side, but were aware that the first decent bounce would
likely set up a shorting opportunity. The market opened
higher and then after a dip lower, the SP futures rallied to
1399.50 before stalling out. A little pullback was followed
by a bounce to a lower high, and then the market reversed
and the SP futures fell to a lower low at 1390.50 and
quickly reversed. They bounced back to the 1396.50 level,
but after a 3 point pullback the SP futures ran up to make a
double top at 1399.50. A quick dip and then a pop to a lower
high was reversed, and another 1-2-3 top formed and the SP
futures dropped to 1391.75 and then turned back up. The SP
futures bounced back to 1397.25 and the move fizzled and
then rolled over, sending the SP futures back to test the
low. The move held at the 1391.25 level and the market
firmed into the close.

Due to the Holiday, there will be no intraday updates on
Friday. The next update will be published on Monday night,
May 26th.

The averages traded back and forth as expected on Thursday,
as all of the averages made "inside days" by staying within
the Wednesday ranges. On Friday the action should be slow,
and maybe give more of the same back-and-forth action unless
there is a significant break of Thursday's double top and
double bottom on the SP futures. The VIX did a good job of
warning of a top early last week, and it gave one buy signal
on Thursday. The market is also still a bit oversold. Also,
the last time the market had narrow range days after a
sizable downdraft, the market took off and raced to new
highs for the leg up. Narrow range days often preclude
sizeable moves as the market takes a rest before getting
momentum either turned around or it reasserts itself.

On Friday look for opportunities in both directions. It will
take a break above or below the Thursday ranges, that isn't
quickly reversed, to get a potential directional move going.
Aside from that, the bears are still in control unless there
is a break and hold over the initial resistance zones.

Due to the Holiday, there will be no intraday updates on
Friday. The next update will be published on Monday night,
May 26th.

The initial resistance is at the 1399.00-1399.50 area on the
SP futures and the 1980.50-1981.50 area on the Nasdaq
futures. If those are not a problem, then the next hurdles
would be at the 1403.00-1403.50 area on the SP futures and
the 1984.00-1984.50 area on the Nasdaq futures. If the
market is making a fake-out breakout over the Thursday
highs, those zones shouldn't be exceeded. If they are
broken, then the key resistance is at the 1408.50-1409.25
area on the SP futures and the 1990.25-1992.00 area on the
Nasdaq futures. A rally to those areas that stalls out
/reverses would set up a very good reward / risk opportunity
on the short side.

The initial support is at the 1391.50-1390.50 area on the SP
futures and the 1958.75-1958.00 area on the Nasdaq futures.
If those are broken and not quickly reversed, then only the
1388.00 level on the SP futures and the 1954.00 level on the
Nasdaq futures can keep the market from having a bad day. If
those levels are not quickly reversed, then look for support
at the 1382.25-1381.50 area on the SP futures and the
1948.00-1946.50 area on the Nasdaq futures. If those break,
then there is minor support around the 1377.00-1376.25 area
on the SP futures and the 1938.50-1937.50 area on the Nasdaq
futures. If those are cut through, then major support is
near the 1372.00-1370.50 area on the SP futures.

Again, due to the Holiday, there will be no intraday updates
on Friday. The next update will be published on Monday
night, May 26th.



June 2008 SP futures resistance
symbols: emini = esm8 / big contract =spm8

1399.00-1399.50
1403.00-1403.50
1408.50-1409.25


June 2008 SP futures support
symbols: emini = esm8 / big contract =spm8

1391.50-1390.50
1388.00
1382.25-1381.50
1377.00-1376.25
1372.00-1370.50


June 2008 Nasdaq futures resistance
symbols: emini = nqm8 / big contract = ndm8

1980.50-1981.50
1984.00-1984.50
1990.25-1992.00


June 2008 Nasdaq futures support
symbols: emini = nqm8 / big contract = ndm8

1958.75-1958.00
1954.00
1948.00-1946.50
1938.50-1937.50


June 2008 Dow futures resistance
symbols: emini = ymm8

12669-12673
12701-12704
12775-12781


June 2008 Dow futures support
symbols: emini = ymm8

12595-12590
12571
12512-12506
12474-12469


June 2008 Russell futures resistance
symbols: emini = er2m8 / big contract = er2m8

736.60-736.90
738.20-738.60
741.10-741.40


June 2008 Russell futures support
symbols: emini = er2m8 / big contract = er2m8

729.20-728.80
725.10
721.20-720.80
716.80-716.50


---------------------------

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


---------------------------


Good Trading,
Mike Reed

Copyright (c) 2008 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

TradeStalker's RBI Update 05/21/08

.................................................

TradeStalker's

R.B.I. Trader's Update

5/21/2008

(Published Since 1996)

...............................................


Dateline: 6:30 pm eastern time, 5/21/2008


Trading updates are posted through out the day to "real
time" subscribers on our Instant Messenger Site. Go here to
sign up now! http://www.tradestalker.com/order-page.htm

The early game-plan was to short early strength as soon as
the upside fizzled/reversed and the market obliged as the SP
futures poked up to 1419.25 (1 tick over the 1418.50-1419.00
initial resistance) and the stall reversed and the selloff
was underway. The 1413.00-1412.50 area gave the market a
temporary bounce, but that move reversed than another leg
down began. The market was in trouble and didn't show a hint
of turning around until the SP futures fell to the 1393-1392
zone. They reached 1391 and then grudging turned things
around, but the updated support at 1398.25-1397.50 turned
into resistance on the bounce off of the lows, and the
market went back to make new lows near the close. The SP
futures reached the small support at the 1388.50-1388.00
zone (making a 1388.00 low) and then moved sideways into the
close.

From the highs on Monday afternoon to the lows on Wednesday
the Dow cash lost 563 points, the SP futures lost 52.50
points, and the Nasdaq futures lost 100.25 points. The
complacency from just two days ago has shifted quite a bit,
as there is finally some fear in the air. My internal
indicators are getting oversold, which should help to hold
things together. So, the market has reason to snap back and
put together a decent rally. If that occurs on Thursday, the
move shouldn't get past the 1408.50-1409.25 area on the SP
futures and 1990.25-1992.00 area on the Nasdaq futures if
it's a counter-trend move in a new downtrend.

On Thursday we could have a decent trade on the long side if
the market opens lower, near the Wednesday lows, and then
reverses back to the upside. If that occurs, don't fall in
love with the long side just yet as the first decent bounce
will likely be sold. The market has had reactions, if only
small, to most of the support and resistance areas during
this move so they should be watched for trade setups also.

The initial resistance is at the 1397.50-1398.25 area on the
SP futures and 1970.50-1972.25 area on the Nasdaq futures.
If those don't cause a problem, then the 1403.00-1403.50
area on the SP futures and 1978.50-1980.00 area on the
Nasdaq futures would be next. If the market doesn't reverse
from those areas, then the key resistance is at the 1408.50-
1409.25 area on the SP futures and 1990.25-1992.00 area on
the Nasdaq futures. If those are reached, and the move
fizzles and/or reverses, then the bears could take over
control again. If those areas are cleared, then we should
see strong resistance at the 1415.00 level on the SP futures
and 2004.75 level on the Nasdaq futures.

The initial support is at the 1388.50-1388.00 area on the SP
futures and 1955.00-1954.00 area on the Nasdaq futures. If
the market opens down there and then turns up, a decent
bounce could begin. However, if buyers don't step to the
plate at those areas, then we could go right to the 1382.25-
1381.50 area on the SP futures and 1948.00-1946.50 area on
the Nasdaq futures. If those do not hold, then things
probably get ugly again. The next support would be around
the 1377.00-1376.25 area on the SP futures and 1938.50-
1937.50 area on the Nasdaq futures. If those are broken,
then the next major support is at the 1372.50-1370.50 area
on the SP futures.


June 2008 SP futures resistance
symbols: emini = esm8 / big contract =spm8

1397.50-1398.25
1403.00-1403.50
1408.50-1409.25
1414.50-1415.00

June 2008 SP futures support
symbols: emini = esm8 / big contract =spm8

1388.50-1388.00
1382.25-1381.50
1377.00-1376.25
1372.50-1370.50

June 2008 Nasdaq futures resistance
symbols: emini = nqm8 / big contract = ndm8

1970.50-1972.25
1978.50-1980.00
1990.25-1992.00
2004.75

June 2008 Nasdaq futures support
symbols: emini = nqm8 / big contract = ndm8

1955.00-1954.00
1948.00-1946.50
1938.50-1937.50

June 2008 Dow futures resistance
symbols: emini = ymm8

12640-12644
12692-12698
12724-12731
12782

June 2008 Dow futures support
symbols: emini = ymm8

12573-12571
12512-12506
12474-12469

June 2008 Russell futures resistance
symbols: emini = er2m8 / big contract = er2m8

731.90-732.40
734.20-734.60
736.70-738.20
741.50

June 2008 Russell futures support
symbols: emini = er2m8 / big contract = er2m8

723.50-723.10
721.20-720.80
716.80-716.50

---------------------------

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


---------------------------


Good Trading,
Mike Reed

Copyright (c) 2008 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

TradeStalker's RBI Update 05/20/08

.................................................

TradeStalker's

R.B.I. Trader's Update

5/20/2008

(Published Since 1996)

...............................................


Dateline: 6:15 pm eastern time, 5/20/2008

Trading updates are posted through out the day to "real
time" subscribers on our Instant Messenger Site. Go here to
sign up now! http://www.tradestalker.com/order-page.htm

The market opened under the Monday lows on Tuesday and just
couldn't get turned around and the market sold off pretty
steadily. A bounce off of the 1414.75 level fizzled at the
1419.00 old support on the SP futures, and then they sold
off to the 1412.00 support. After a bounce to 1417.75
failed, the market sold off again as the SP futures made a
low at 1409.00. There was a move back to the 1412.50-1413.00
new resistance area, but the pullback was just 2.25 points
and then the market popped over that resistance. The move
reversed off of 1415 on the SP futures, and a quick drop to
test the lows followed. Buying and short covering turned the
market right back up and the market put together a pretty
good rally in to the close.

On Wednesday expect two-sided trading action. If there is
early strength, look for the move to stall/reverse to set up
a good shorting opportunity. If that plays out, and the
Tuesday lows can hold, then the first decent pullback should
set up a buying opportunity. As long as that double bottom
on the SP futures can hold, the market will be "ok" and not
vulnerable to a hard selloff. However, if that area breaks
and the market doesn't turn right back up, then we could see
the market go for the 1403.00-1402.50 area on the SP futures
on this leg down.

The initial resistance is at the 1418.50-1419.00 area on the
SP futures and 2010.00-2011.00 area on the Nasdaq futures.
The market closed just under those areas on Tuesday, so if
there is some follow through buying then a turn could come
from the 1422.25-1422.75 area on the SP futures and 2017.50-
2018.50 area on the Nasdaq futures. If the market doesn't
have a problem with those areas, then a move back to the
1427.00-1427.75 area on the SP futures and 2024.00-2025.00
area on the Nasdaq futures is likely. If those areas are
exceeded, then the door is open for a retest of the Monday
high areas, or slightly lower, before another selloff
starts.

The initial support is at the 1413.00-1412.50 area on the SP
futures and 2002.50-2001.50 area on the Nasdaq futures. If
the market pulls back and can turn up from those areas, then
there should be more to go on the upside. However, if those
are broken, then the 1409.00-1408.50 area on the SP futures
and 1992.25-1990.25 area on the Nasdaq futures would be
next. If those break, and the market doesn't quickly
reverse, then the door is open for a drop towards the
1403.00-1402.50 area on the SP futures and 1984.50-1982.50
area on the Nasdaq futures.


June 2008 SP futures resistance
symbols: emini = esm8 / big contract =spm8

1418.50-1419.00
1422.25-1422.75
1427.00-1427.75

June 2008 SP futures support
symbols: emini = esm8 / big contract =spm8

1413.00-1412.50
1409.00-1408.50
1403.00-1402.50

June 2008 Nasdaq futures resistance
symbols: emini = nqm8 / big contract = ndm8

2010.00-2011.00
2017.50-2018.50
2024.00-2025.00

June 2008 Nasdaq futures support
symbols: emini = nqm8 / big contract = ndm8

2002.50-2001.50
1992.25-1990.25
1984.50-1982.50

June 2008 Dow futures resistance
symbols: emini = ymm8

12858-12864
12921-12926
13032-13038


June 2008 Dow futures support
symbols: emini = ymm8

12821-12817
12779-12775
12698-12693

June 2008 Russell futures resistance
symbols: emini = er2m8 / big contract = er2m8

739.00-739.40
741.30-740.80
745.660-746.20

June 2008 Russell futures support
symbols: emini = er2m8 / big contract = er2m8

734.00-723.60
728.80-728.30
725.40-724.90

---------------------------

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


---------------------------


Good Trading,
Mike Reed

Copyright (c) 2008 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

TradeStalker's RBI Update 05/19/08

.................................................

TradeStalker's

R.B.I. Trader's Update

5/19/2008

(Published Since 1996)

...............................................


Dateline: 6:54 pm eastern time, 5/19/2008

Trading updates are posted through out the day to "real
time" subscribers on our Instant Messenger Site. Go here to
sign up now! http://www.tradestalker.com/order-page.htm

The SP futures opened slightly higher at 1426.75 on Monday,
and that was immediately sold and the market headed lower.
The SP futures fell to 1423.50 and turned right back up. The
move took the market to new highs for this leg up as the SP
futures reached the 1431.50-1432.50 area and the Nasdaq
futures reached its 2049.50-2051.00 area and the move
paused. The pullback off of those zones was very soft and
although the Nasdaq futures weren't as strong, the upside
continued and the move was trend-up into early afternoon.
The SP futures made a double top around 1440, but the
pullback was shallow and held just above the 1437.00 support
level and that kept the uptrends intact. The market went
back to test the highs, but the grind higher was reversed
after touching 1441.00 (just missed our 1441.75-1442.00
zone) and the break of updated support changed things. The
market sold off to 1427.00 on the SP futures while the
Nasdaq futures made a new low for the day at 2018.75 and the
downside momentum stalled. A feeble bounce fizzled just
under the updated 1432.50 level on the SP futures and then
they fell 10 points to 1422.00 before snapping back into the
close.

We get the PPI before the open on Tuesday. The market
bounced off of the last hour lows pretty well on Monday.
However, there is some work to do to keep this market going
on the upside. The SP and Nasdaq futures made higher highs
for 6 straight days. That's a good uptrend, however if the
Nasdaq is saying something with the "outside day" (a higher
high and lower low than Friday), then this move is near
termination.

As long as the market doesn't get over the initial
resistance areas, the downside has more to go on Tuesday.
Just beware that the market has been very resilient and if
there is further selling, it probably won't be a panic-type
of move and that means that a reversal from lower levels is
very likely.

On Tuesday, if there is early selling, be on alert for a
reversal in the first 20 to 40 minutes of trading.
Thereafter, the initial resistance zones will need to be
broken and held to get something going on the upside. If
that occurs and the market can rally to test, or slightly
exceed the Monday highs and then reverse, the short side
should offer an opportunity. A bounce that stalls/reverses
near the initial resistance areas would also set of a decent
shorting opportunity.

The initial resistance is at the 1432.00-1432.50 area on the
SP futures and the 2030.00-2031.00 area on the Nasdaq
futures. If those areas are exceeded and held, then the
1437.00-1437.50 area on the SP futures and the 2046.00-
2047.00 area on the Nasdaq futures should offer good
resistance if the market is still vulnerable. If those areas
are not a problem, then the 1441.00-1441.75 area on the SP
futures and the 2053.50-2054.50 area on the Nasdaq futures
would be next. If those highs from Monday are broken and the
market doesn't quickly reverse, then we could see a rally
towards the 1451-1454 area on the SP500 cash.

The initial support is at the 1422.00 level on the SP
futures and the 2008.25 level on the Nasdaq futures. If
those are broken, then we should see a test of the 1419.00-
1418.25 area on the SP futures and the 2004.00-2002.50 area
on the Nasdaq futures. If that occurs and the market turns
back up, then it could start a decent rally. However, if
those are broken and held, then the 1413.00-1412.00 area on
the SP futures and the 1996.00-1994.50 area on the Nasdaq
futures could be in the cards. If the market gets there and
cannot quickly turn around, then the dynamics will be
changed quite a bit and the market could head back towards
the 1403.00-1402.00 area on the SP futures.

June 2008 SP futures resistance
symbols: emini = esm8 / big contract =spm8

1432.00-1432.50
1437.00-1437.50
1441.00-1441.75
1451-1454 {SP500 cash}


June 2008 SP futures support
symbols: emini = esm8 / big contract =spm8

1422.00
1419.00-1418.25
1413.00-1412.00
1403.00-1402.00


June 2008 Nasdaq futures resistance
symbols: emini = nqm8 / big contract = ndm8

2030.00-2031.00
2046.00-2047.00
2053.50-2054.50


June 2008 Nasdaq futures support
symbols: emini = nqm8 / big contract = ndm8

2008.25
2004.00-2002.50
1996.00-1994.50


June 2008 Dow futures resistance
symbols: emini = ymm8

13071-13076
13107-13111
13140-13147


June 2008 Dow futures support
symbols: emini = ymm8

12993
12963-12958
12898-12892


June 2008 Russell futures resistance
symbols: emini = er2m8 / big contract = er2m8

741.60-742.00
745.40-745.80
748.50-749.00


June 2008 Russell futures support
symbols: emini = er2m8 / big contract = er2m8

735.80
733.00-732.60
728.80-728.20


---------------------------

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


---------------------------


Good Trading,
Mike Reed

Copyright (c) 2008 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************